Broker Price Opinion

By
Real Estate Agent with The Payne Group at Keller Williams Success Realty
http://actvra.in/CZ5

How many of you do BPO's? I have been doing them for quite some time now and I am beginning to wonder if this is a huge waste of time.  It has been great for learning the market and view properties but it seems like they kick everyone back because they did not like the comps.  I try to find the closest comps for sales and listings. The sale comps are usually OK but they usually do not like the listing comps.  I had one BPO sent back because the listing comp, which was the exact same home, same floor plan, same builder was more than 10% higher priced than subject.  I tried to explain that  it is a LISTING comp and not a SALE comp because it was 10% or higher than the SALE comps.  If it were priced correctly, it would be a sale comp and not a listing comp.

At any rate, I have gotten some listings from this but it sure seems like the hard way to do business.  Please tell me what everyone thinks.

Posted by

Jeff Payne, Broker Associate
The Payne Group at Keller Williams Success Realty
www.KnowPayneKnowGain.com
850-392-1770 Office
850-890-0132 Cell

 

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Groups:
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All Things Florida
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Agents who want REFERRALS!
Tags:
foreclosure
bpo
real estate

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Rainer
8,159
Lou & Natalia Burns
The Burns Team
Keller Williams Realty

Don't be in too much of a hurry to do BPO's for either $$ or the pipe dream of getting a listing. Most companies out there ONLY do valuations and do not control the asset. In addition, many of these companies prey on agents by not paying them, i.e. Evaluations Solutions, BrokerPriceOpinion.com, etc. So if you want to take a chance and working for free, go for it. Hopefully you can get consistent business from a reputable and ethical company. Good Luck.

October 15, 2012 12:42 PM
Anonymous
Nicole

Hello, I am a newer agent and had a question about BPO's.  Do you need to be licensed as a Broker or is being a Sales Representative sufficient enough?  I work out of Oakville, Ontario, Canada and am having issues finding relevant information in regards to finding listings from Bank Forclosures  Thanks so Much!

October 17, 2012 11:39 AM
Rainer
7,359
Jenie Maragañas
http://reliablerealestatevirtualassistan.blogspot.com/

Are you looking for a Real Estate Virtual Assistant who will do all your BPO (Broker Price Opinion) stuff?

Hi there,

My name is Jenie and Im a BPO assistant provider. Im here in the Philippines and I can say that im very expert on doing BPOs for those BPO companies. I have like more than 200 lists of BPO companies.

I pulled comparables, previous listings, tax information, do all the data entry, all the comments, and uploading all the photos and submit the BPO order by myself. 


If you are interetsed to know more about my service and how it works, please email me below of call my direct numbers.


Have a great day. 

Thanks, 
Jenie 
email: va.jenie@gmail.com / jensm.23@gmail.com 
phone: 646-535-1432 / (970) 316-2610 



January 18, 2013 05:59 PM
Rainer
5,520
Andy Cano
Real Estate Assistant
Online BPO Services

Hi everyone,

My team and I are doing BPO for only $7.00/BPO. We have completed over 2000+ bpos. We served clients anywhere in the USA. For more informations, please visit our website at http://www.onlinebposervices.com/

December 15, 2013 01:54 AM
Anonymous
Dale C. Hittle
Gosh, that means the Team has generated $14,000 in income just doing BPOs. In between assignments and spending all that maoney, how do you find time to post on here ?
December 15, 2013 01:24 PM
Anonymous
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Rainer
191,866

Jeff Payne

Panama City Real Estate
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Additional Information

Panama City Real Estate, New home construction specialist, Cherokee Heights, Deerfield Estates, Military Relocation, Tyndall Air Force Base, Naval Coastal Systems Panama City Beach, Panama City, Real Estate, Panama City Beach Real Estate, short sales, REO, foreclosures, first time home buyers